(AFX UK Focus) 2010-03-01 09:04 INSTANT VIEW 1-Swedish economy slips back into recession
STOCKHOLM, March 1 (Reuters) – Swedish gross domestic product unexpectedly contracted 0.6 percent in the fourth quarter to record a second consecutive quarterly fall and send the economy back into recession, figures showed on Monday. Fourth-quarter GDP was expected to have increased by 0.3 percent during the quarter. On a year-on-year basis, GDP was down 1.5 percent from a year earlier versus …
Read more on Interactive Investor
(AFX UK Focus) 2010-03-03 13:39 Spain govt, opposition start talks on economic plan
MADRID, March 3 (Reuters) – Spain’s Socialists met with the conservative opposition on Wednesday in the first round of cross-party talks aimed at reaching a joint deal on reforms to lift the economy from its worst slump in half a century. The government has said urgent, and mostly unpopular, structural reforms should be reached through general consensus, though has warned it would take matters …
Read more on Interactive Investor
(AFX UK Focus) 2010-03-03 12:24 German wages fall for first time in modern history
BERLIN, March 3 (Reuters) – Average wages in Germany fell for the first time in the country’s modern history as the economy sank into recession last year, the Federal Statistics Office said on Wednesday. German workers earned 27,648 euros ($37,370) on average in 2009, down 0.4 percent from 27,751 euros a year earlier, it said in a statement. This marked the first drop since the Federal Republic …
Read more on Interactive Investor